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Contract, ORCO gets go-ahead for Liebskind's Złota 44

On 5 December 2007 Orco Property Group, an investor, developer and asset manager in the Central European real estate and hospitality market, received a building permit for their flagship project Złota 44.

The 192-metre-tall tower, designed by the Polish-born architect Daniel Libeskind, will be erected on the former City Center shopping mall site. The impressive 54-floor structure will be home to 251 fully finished and equipped apartments with amenities including a concierge service, sundeck, 25-metre swimming-pool and sauna. Also the landscape around the tower will be regenerated.

Building construction will last 28 months and the first residents are expected to move in during 2010.

"Great cities need great investments," - said Jean-François Ott, President & CEO of Orco Property Group.

"Złota 44 is a unique building dedicated to Warsaw, inspired by its people and the renaissance of the city. We are proud to bring this new landmark, which will permanently change the skyline of Warsaw.